Laws and regulations applicable to supplemental pension plans

Supplemental pension plans (SPP) are subject to the Income Tax Act , which is monitored by the Canada Revenue Agency .

Many SPPs are also subject to a provincial or federal pension plan act and are therefore monitored by another agency.

• SPPs monitored by Retraite Québec (private, municipal or university sector)
• SPPs administered by Retraite Québec (public sector)
• SPPs monitored by a supervisory agency in Canada that has a similar mandate as Retraite Québec
• SPPs in the private sector under federal jurisdiction
• SPPs in the public sector under federal jurisdiction

SPPs monitored by Retraite Québec

These SPPs include plans offered by employers in the private and municipal sectors, and certain plans in the parapublic sector, whose activities fall under provincial jurisdiction. They are subject to the Supplemental Pension Plans Act  and the regulations concerning supplemental pension plans.

SPPs administered by Retraite Québec

These SPPs are pension plans for public or parapublic organizations in Québec. The plans apply to employees in the Québec public service, the health and education systems, the Sûreté du Québec, peace officers, elected municipal officials, judges of the Court of Québec, etc. Each of the plans is subject to a Québec law specific to the employees affected. For more details on the subject, contact Retraite Québec.

SPPs monitored by a supervisory agency in Canada having a similar mandate to that of Retraite Québec

Where a pension plan has workers whose rights are subject to the Supplemental Pension Plans Act and workers whose rights are subject to another provincial or federal law, it may be under the supervision of another agency having a similar mandate to that of Retraite Québec. In such a case, the other agency must ensure, on behalf of Retraite Québec, that the rights of Québec workers are in conformity with the Supplemental Pension Plans Act. That agency takes its mandate from an agreement entered into between different government authorities that specifies how various pension plan legislation must be applied.

Below is the list of the agencies having a similar mandate to that of Retraite Québec as well as their respective laws.

Provinces, Territories or Government	Applicable Laws	Agencies
Alberta	Employment Pension Plans Act	Alberta Treasury Board and Finance
British Columbia	Pension Benefits Standards Act	BC Financial Services Authority
Federal, Yukon, Northwest Territories and Nunavut	Pension Benefits Standards Act, 1985	Office of the Superintendent of Financial Institutions Canada
Manitoba	The Pension Benefits Act	Manitoba Finance – Pension Commission
New Brunswick	Pension Benefits Act	Financial and Consumer Services Commission
Newfoundland and Labrador	Pension Benefits Act, 1997	Digital Government and Service NL
Nova Scotia	Pension Benefits Act	Finance and Treasury Board
Ontario	Pension Benefits Act	Financial Services Regulatory Authority (FSRA)
Québec	Supplemental Pension Plans Act	Retraite Québec
Saskatchewan	The Pension Benefits Act, 1992	Financial and Consumer Affairs Authority

SPPs in the private sector under federal jurisdiction

These SPPs are plans from private organizations whose activities fall under federal jurisdiction. Those plans apply to employees in banks, interprovincial transport or telecommunications companies, etc. They are subject to the Pension Benefits Standards Act, 1985  and are monitored by the Office of the Superintendent of Financial Institutions .

SPPs in the public sector under federal jurisdiction

These plans apply to employees in the federal public service, the Canadian Forces, the Royal Canadian Mounted Police, etc. Each of the plans is subject to a specific federal law and administered by a specific organization according to the category of employees affected. For more details on the subject, contact the Government of Canada .